Edition:
United Kingdom

United Utilities Group PLC (UU.L)

UU.L on London Stock Exchange

820.40GBp
18 Apr 2019
Change (% chg)

3.80 (+0.47%)
Prev Close
816.60
Open
819.00
Day's High
824.60
Day's Low
809.00
Volume
1,236,770
Avg. Vol
2,046,413
52-wk High
879.60
52-wk Low
674.30

Latest Key Developments (Source: Significant Developments)

United Utilities Says Co Reviewing Ofwat's Draft Determination
Thursday, 11 Apr 2019 

April 11 (Reuters) - United Utilities Group PLC ::DRAFT DETERMINATION FOR UNITED UTILITIES.DRAFT DETERMINATION SETS OUT OFWAT'S INITIAL DETERMINATION OF REQUIRED COSTS AND SERVICE TARGETS FOR UUW IN NEXT REGULATORY PERIOD.UUW IS REVIEWING DRAFT DETERMINATION AND WILL RESPOND TO OFWAT BY DUE DATE OF 24 MAY 2019.OFWAT COMMENDED PLAN IN MANY AREAS INCLUDING CUSTOMER ENGAGEMENT, AFFORDABILITY & VULNERABILITY, RESILIENCE, INNOVATION.  Full Article

United Utilities Sees H2 Oper Profit Hit By Costs From Exceptional Dry Weather
Tuesday, 26 Mar 2019 

March 26 (Reuters) - United Utilities Group PLC ::TRADING STATEMENT.CURRENT TRADING IS IN LINE WITH GROUP'S EXPECTATIONS FOR YEAR ENDING 31 MARCH 2019.FY GROUP REVENUE IS EXPECTED TO BE HIGHER THAN LAST YEAR, LARGELY REFLECTING CO'S ALLOWED REGULATORY REVENUE CHANGES.UNDERLYING OPERATING PROFIT FOR 2018/19 IS EXPECTED TO BE HIGHER THAN 2017/18.UNDERLYING INFRASTRUCTURE RENEWALS EXPENDITURE IN H2 IS EXPECTED TO BE BROADLY CONSISTENT WITH FIRST HALF OF YEAR.REPORTED OPERATING PROFIT IN H2 WILL BE IMPACTED BY COSTS RELATING TO EXCEPTIONAL PERIOD OF DRY WEATHER IN SUMMER OF 2018.ADJUSTED ITEMS ARE EXPECTED TO TOTAL £52 MILLION FOR FULL YEAR, OF WHICH £29 MILLION WAS RECOGNISED IN FIRST HALF.AS CO CONTINUES TO INVEST IN ITS ASSET BASE, EXPECTS SMALL INCREASE IN NET DEBT AT 31 MARCH VERSUS 30 SEPTEMBER 2018.EXPECT UNDERLYING NET FINANCE EXPENSE FOR 2018/19 TO BE AROUND £45 MILLION LOWER THAN 2017/18.  Full Article

United Utilities Posts 3.6 Pct Rise In Full-Year Profit
Thursday, 24 May 2018 

May 24 (Reuters) - United Utilities Group PLC ::FINAL DIVIDEND 26.49 PENCEPER SHARE.FY UNDERLYING OPERATING PROFIT OF £645.1M (REPORTED OPERATING PROFIT OF £636.4M).FY REVENUE FROM CONTINUING OPERATIONS 1,735.8 MILLION STG VERSUS 1,704 MILLION STG YEAR AGO.ADVANCED IN PR19 PLANS INFORMED BY EXTENSIVE ENGAGEMENT WITH CUSTOMERS, BALANCING INVESTMENT WITH AFFORDABILITY.FY INFRASTRUCTURE RENEWALS EXPENDITURE 147 MILLION STG VERSUS 150.8 MILLION STG AS REPORTED YEAR AGO.FY TOTAL REGULATORY CAPITAL INVESTMENT 816 MILLION STG VERSUS 804 MILLION STG AS REPORTED YEAR AGO.BENEFITS FROM HEADROOM TO COVER ITS PROJECTED NEEDS INTO 2020.HEADROOM GIVES FLEXIBILITY IN TERMS OF HOW FURTHER DEBT FINANCE RAISED TO REFINANCE MATURING DEBT, SUPPORT DELIVERY OF RCI PROGRAMME.OUTPERFORMING REGULATORY CONTRACT FOR 2015-20 REGULATORY PERIOD.  Full Article

United Utilities Updates on 2019 Price Review Update​
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - United Utilities Group Plc ::‍UNITED UTILITIES 2019 PRICE REVIEW UPDATE​.ADVANCED IN PLANS FOR PR19, INFORMED BY EXTENSIVE ENGAGEMENT WITH CUSTOMERS REGARDING THEIR NEEDS AND PRIORITIES.IN MAY 2018, WILL PROVIDE EARLY EVIDENCE ON COMPANY SPECIFIC FACTORS AFFECTING WHOLESALE AND RETAIL OPERATIONS IN NORTH WEST.  Full Article

United Utilities says underlying oper profit of 344 mln stg vs. 312.5 mln stg
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - United Utilities Group Plc ::H1 REPORTED PRETAX PROFIT 242.3 MILLION STG VERSUS. 158.4 MILLION STG .INTERIM DIVIDEND 13.24 PENCE PER SHARE.HY REVENUE OF 876 MILLION POUNDS VERSUS. 853 MILLION POUNDS, A YEAR AGO ‍​.HY UNDERLYING OPERATING PROFIT OF 344 MILLION POUNDS VERSUS. 312.5 MILLION POUNDS, A YEAR AGO ‍​.UNITED UTILITIES -AVERAGE BILLS SET TO REDUCE IN REAL TERMS OVER 10 YRS PERIOD TO 2020, TO DOUBLE NUMBER OF CUSTOMERS THROUGH AFFORDABILITY SCHEMES OVER AMP6​.‍TOTAL NET REGULATORY CAPITAL INVESTMENT IN H1, INCLUDING £70 MILLION OF INFRASTRUCTURE RENEWALS EXPENDITURE, WAS £394 MILLION​.‍REMAIN ON TRACK TO DELIVER A TOTAL OF AROUND £800 MILLION OF REGULATORY CAPEX FOR FULL YEAR​.HY REGULATORY CAPITAL VALUE GEARING OF 61 PERCENT VERSUS. 62 PERCENT, A YEAR AGO ‍​.GROUP BENEFITS FROM HEADROOM TO COVER ITS PROJECTED NEEDS INTO 2019, ENHANCED BY RECENT RAISING OF NEW FINANCE​.  Full Article

United Utilities pays 20 mln stg as compensation for cryptosporidium incident
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - United Utilities Group Plc ::CONCLUSION OF COURT HEARING FOLLOWING 2015 CRYPTOSPORIDIUM INCIDENT‍​.UNITED UTILITIES GROUP PLC - ‍ROOT CAUSE IDENTIFIED AS RUN-OFF WATER FROM AGRICULTURAL LAND FOLLOWING SEVERE RAINFALL​.UNITED UTILITIES GROUP PLC - ‍C£20 MILLION COMPENSATION PAID TO CUSTOMERS WHO WERE ADVISED TO BOIL THEIR WATER AS A PRECAUTION​.  Full Article

United Utilities says H1 trading in line with expectations
Tuesday, 26 Sep 2017 

Sept 26 (Reuters) - UNITED UTILITIES GROUP PLC ::‍CURRENT TRADING IS IN LINE WITH GROUP'S EXPECTATIONS FOR SIX MONTHS ENDING 30 SEPTEMBER 201​7.SAYS GROUP REVENUE IS EXPECTED TO BE JUST UNDER 3 PCT HIGHER THAN FIRST HALF OF LAST YEAR.SAYS UNDERLYING OPERATING PROFIT FOR FIRST HALF OF 2017/18 IS EXPECTED TO BE HIGHER THAN FIRST HALF OF 2016/17.EXPECT UNDERLYING NET FINANCE EXPENSE FOR FIRST HALF OF 2017/18 TO BE AROUND £30 MILLION HIGHER THAN FIRST HALF OF LAST YEAR​.SAYS IRE IN FIRST HALF OF 2017/18 WILL BE SLIGHTLY LOWER THAN FIRST HALF OF LAST YEAR.‍EXPECT A SMALL INCREASE IN GROUP NET DEBT AT 30 SEPTEMBER 2017 COMPARED WITH POSITION AT 31 MARCH 2017​.SAYS EXPECT AN INCREASE IN IRE IN SECOND HALF OF 2017/18, COMPARED WITH FIRST HALF OF YEAR..‍GEARING REMAINS COMFORTABLY WITHIN TARGET RANGE OF 55% TO 65% NET DEBT TO RCV​.EXPECT UNDERLYING NET FINANCE EXPENSE FOR FIRST HALF OF 2017/18 TO BE AROUND £30 MILLION HIGHER THAN FIRST HALF OF LAST YEAR.‍TOTAL REGULATORY CAPITAL INVESTMENT FOR 2017/18 IS EXPECTED TO BE AROUND £800 MILLION​.  Full Article

UK's Environment Agency fines United Utilities 666,000 stg for pollution
Wednesday, 13 Sep 2017 

Sept 13 (Reuters) - United Utilities Group Plc ::Uk's environment agency - united utilities fined 666,000 stg for pollution that affected fish populations and water quality.Uk's environment agency - prosecution against co after sewage polluted river medlock, had significant impact on fish population and water quality over four kilometres.  Full Article

United Utilities pleads guilty to charge of providing water unfit for consumption
Wednesday, 19 Jul 2017 

July 19 (Reuters) - United Utilities Group Plc ::"Pleaded guilty to one single charge of providing water that was unfit for human consumption between 30 July 2015 and 18 August 2015".Water from Franklaw Water Treatment Works, Preston; charge was brought by Drinking Water Inspectorate (DWI)."Full programme of remedial and repair work has already been implemented to safeguard future supplies"."Will not be making any further comment until after sentencing, later this year".  Full Article

United Utilities appoints Steve Fraser as COO
Wednesday, 28 Jun 2017 

June 28 (Reuters) - United Utilities Group Plc :Announces appointment of Steve Fraser to board as chief operating officer with effect from 1 August 2017.  Full Article

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Brexit delay lifts mid-caps to six-month high; growth fears bruise FTSE 100

Fears of a global economic slowdown and uncertainty over trade policies kept Britain's main share index subdued as miners were tugged lower, but UK-focused stocks rallied after a second Brexit delay as the mid-cap index scaled a six-month high. | Video